The Philippine Securities and Exchange Commission (Filipino: Komisyon sa mga Panagot at Palitan, commonly known as SEC) is a Philippine state commission responsible for securities laws and regulating the securities industry. The SEC is an agency within the Philippine Department of Finance.
The SEC is currently headquartered in Mandaluyong City in central Metro Manila.
The SEC was created by Congress in 1936 as part of the Securities Act (#83). Th...
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The Philippine Securities and Exchange Commission (Filipino: Komisyon sa mga Panagot at Palitan, commonly known as SEC) is a Philippine state commission responsible for securities laws and regulating the securities industry. The SEC is an agency within the Philippine Department of Finance.
The SEC is currently headquartered in Mandaluyong City in central Metro Manila.
The SEC was created by Congress in 1936 as part of the Securities Act (#83). This occurred just two years after the United States Congress created the United States Securities and Exchange Commission. The first commissioner of the SEC was Ricardo Nepomuceno. The SEC was not in operation during the Japanese occupation, but was restored in 1947.
Since 1981, the SEC has five commissioners. In 2007 the commissioners were
The SEC has two principal departments: (1) prosecution and enforcement and (2) supervision and monitoring.
The functions of the SEC are defined in Section 5 of the Securities Regulation Code, and include the...
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